Can't Swing a Cat | Money Saving Blog

What Is Negative Equity And How Can You Avoid It When Buying A House?

August 4, 2020 · Buying a home, First Time Buyers

Negative equity is every homeowner’s worst nightmare. And when you team low deposits with a struggling housing market and a potential recession on the cards, it’s likely that more homeowners will find themselves in negative equity. Here are the key things you need to know. What is negative equity? A property is in negative equity if it’s worth less than… View Post

Nationwide Bans ‘Bank Of Mum And Dad’: First Time Buyers Must Prove They Saved 75% Of Deposit Themselves

August 4, 2020 · Buying a home, First Time Buyers

Nationwide has announced that first-time buyers will now need to prove at least 75% of their deposit came from their own savings, rather than being gifted or lent it from the ‘Bank of Mum and Dad’. The building society, which is the UK’s second biggest mortgage lender, has introduced the changes to ensure buyers are able to afford their mortgage…. View Post

July Income Report - £1,556. Are You Still A Writer If It Doesn’t Pay Your Bills?

July 30, 2020 · Making Money

It’s that time again for my monthly income report. I’m delighted to have made £1,556 this month and given the state of the job market and economy right now, I feel lucky to not be worrying about whether I can pay my rent and bills or not. However, although I’m grateful to have multiple sources of income that ensure I… View Post

#NeverSpoons: Here’s Why You Should Think Twice Before Boycotting Wetherspoon’s

July 16, 2020 · Making Money

In the weeks since pubs reopened in the UK, many people have called for a Wetherspoon’s boycott. A #NeverSpoons app has even been created to help people avoid the popular pub chain and support independent establishments instead. But is it a good idea to boycott Spoons in the middle of a pandemic? How did the #NeverSpoons boycott start? The #BoycottWetherspoons… View Post

Coronavirus Stamp Duty Changes: What Do They Mean For You?

July 9, 2020 · Buying a home, First Time Buyers

On the 8th July, the chancellor Rishi Sunak announced a temporary break from stamp duty on the first £500,000 of all property sales in England and Northern Ireland. The holiday will last until the end of March 2021 and it’s designed to boost the property market and help buyers struggling financially because of the coronavirus crisis. What is stamp duty?… View Post